CFLT - My Favorite Tech Stocks for 2022
This year has been a strong one for the S&P 500 , rising over 25% year to date. While the broad indexes have been pulled forward by mega-cap tech stocks , the small- and mid-cap tech stocks haven't had such a lucrative year.
Roku (NASDAQ: ROKU) shares have fallen over 50% off their all-time highs, and Confluent (NASDAQ: CFLT) has fallen over 30% off its all-time high. Even though these stocks are down, the businesses have only gotten stronger. I think 2022 could be a year when small- and mid-cap tech stocks come roaring back to life, and shares of these two stocks have the potential to appreciate greatly in the new year.
Roku has become a mainstay in many homes across the world, providing a platform for over 56 million users to stream all of the shows they desire. The company was originally known for its hardware streaming sticks, but the business has shifted drastically to software and it now thrives on advertising revenue. Roku is even planning to add original content to its platform.
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My Favorite Tech Stocks for 2022